YEAR EVENTS 1962 - The Company was Incorporated on 1st March, at Mumbai as a private company and made public company on 27th April, 1967. - The Company's object is to manufacture open top sanitary cans, general line cans and special containers for the dairy industry with special reference to the requirements of the Kaira District Co-operative Milk Producers' Union Ltd., Anand. - The Company entered into a 5 year technical collaboration agreement with Lubecawerke GmbH, West Germany, a firm well known in the field of scientific packaging. 1967 - 7,524 No. of equity shares subscribed for by Poysha Industrial Co., Ltd. The remaining shares offered for public subscription in June. 1970 - Negotiations were finished for a technical collaboration agreement with American Can Company for a period of 10 years. Government approval for the agreement was received during 1972-73. 1972 - 5,000 Bonus equity shares issued in the prop. 1:2. 1976 - 4,500 right equity shares issued at par in prop. 3:10. 1977 - 19,500 right equity shares issued at par in prop. 1:1 in January 1978. 1979 - The Company's collaborators, American Can Co. U.S.A., offered to the Company a used printing/coating line, the foreign exchange cost of which was considerably less than new equipment. The expansion from 30 to 60 million numbers per annum was completed. The Company applied for further expansion of the capacity to 120 million numbers per annum. - Pref. shares redeemed on 24th June. 1980 - The capital goods licence for used printing line was received. - The Company was permitted to expand its capacity from 60 million containers per annum to 18,000 tonnes tin-plate per annum roughly equivalent to 100 million containers. Necessary steps were being taken to implement the project. - 15,600 bonus shares allotted in prop. 2:5 on 5th March. 1981 - Equity shares subdivided. 3,27,600 bonus equity shares then issued in prop. 3:5. 1982 - Despite demand recession, sales and profits could be maintained. The improvement in working was partly due to reduction in tax rate on account of investment in the expansion project. - The first phase of the expansion project of 18,000 tonnes tin plate per annum was commissioned at Mehsana and Kanjiri. 1983 - Sales recorded an increase mainly due to higher sales realisation and also party due to higher volume of production. Due to inadequate supply of tin-plate, the company had to use high cost material of odd sizes and thickness resulting in high wastages. 1985 - Margins, however, came under pressure due to high interest charges arising out of expansion and modernisation programme and inordinate delay experienced in the import of large consignments. 1986 - The improved turnover was mainly due to supplies made to edible oil industry and exports of printed sheets and components to the Middle East. However, margins came under pressure due to delay in the availability of imported tin-plates. 1987 - The improved turnover was mainly due to better realisation of its products and by higher volume of production. 1990 - Sales declined due to continuous erosion in the Rupee value which led to a substantial increase in the landed cost of tin-plate. - 1,50,000 - 14% secured redeemable non-convertible debentures of Rs.100 each were issued on private placement basis. They are redeemable at a prem. of 5% of the face value in three equal annual instalments commencing from the expiry of the 6th year from the date of allotment i.e., 8th February, 1991. 2003 -Board approves rights issue of equity shares of Rs 10 each at a premium of Rs 90 per share in the ratio of 1:18 2007 -Kaira Can Company Ltd has has appointed Mr. A B Kulkarni and Mr. K Jagannathan as Additional Directors on the Board of the Company. 2008 -E-mail ID for Investors Grievances :companysecretary@kairacan.com. 2010 -The company has recommended an equity dividend of Rs. 2.50 per share. 2013 - The Company have recommended a final dividend of Rs. 5.00 per share. - Mr. Kirat M. Patel and Mr. Vinod J. Mehta have been appointed as an Additional Directors on the Board of the Company. - Mr. Shishir K. Diwanji, has been appointed as an Additional Director on the Board of the Company. 2014 - The Company have recommended a final dividend of Rs. 5.00 per share. - The Company appointed Mr. Shishir K. Diwanji as the Chairman of the Company. - The Company has received Credit Rating from ICRA Ltd. - The Company designated Mr. A. B. Kulkarni - Managing Director,Mr. K. Jagannathan as Whole Time Director & Chief Financial Officer and Mr. Hiten Vanjara as Company Secretary.